USD/CAD Forecast November 3, 2015, Technical Analysis

The USD/CAD pair broke higher during the course of the session on Monday, as we approached the 1.31 level. With this, the market looks as if it is ready to continue going higher. A break above the top of the range for the day. At that point in time, we would anticipate this market reaching towards the 1.33 level. Ultimately, we believe that this market will break above there as well, heading towards the 1.35 level over the longer term. We have no interest whatsoever in selling as there is more than enough support below.